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4 h
Security firm GK8 offers up to $250K in bitcoin if someone hacks its cold wallet

Israel-based cryptocurrency custody startup GK8 is offering a bounty of up to $250,000 in bitcoin if someone is able to hack its cold wallet.

4 h
Former CFTC commissioner hired by major LedgerX shareholder MIH

Former Commodity Futures Trading Commission (CFTC) commissioner Mark Wetjen has joined Miami International Holding (MIH), one of the major investors in crypto derivatives exchange LedgerX.  At MIH, Wetjen serves as the CEO of Miami International Futures Exchange, a subsidiary of MIH. His other titles at MIH include the executive vice president of futures and innovative …

6 h
Crypto custodian GK8 offers up to $250K in bitcoin if someone hacks its cold wallet

Israel-based cryptocurrency custody startup GK8 is offering a bounty of up to $250,000 in bitcoin if someone is able to hack its cold wallet.

7 h
No small-fry ICOs spared: SEC sues Opporty, says bounty program was an investment of money

If court filings are any indication, the SEC seems to be just as likely to go after a couple hundred thousand dollar token sale as a billion-dollar ones.  Thus, in the midst of its well-publicized tangling with Telegram and Kik, in the past week we saw a new lawsuit filed by the SEC in connection …

8 h
$500 million in crypto spot trades in less than a year: A deep dive into the rise of Jihan Wu’s Matrixport

The Block takes a deep dive into Matrixport, the crypto-focused financial services firm founded by Bitmain’s Jihan Wu.

10 h
BTC
Deutsche Bank says bitcoin is ‘too volatile’ to be a ‘reliable’ store of value

Bitcoin payments also still represent a “tiny” fraction of global payments, according to Deutsche Bank.

12 h
IEOs are finally dead

Initial Exchange Offerings (IEOs), token fundraising events administered by an exchange, became a theme of 2019 — just as ICOs became a theme of 2017. Data now shows that IEOs are as shortlived as ICOs.  The Block has analyzed all projects that had an IEO on the more legitimate exchanges with a proven track record — Binance, Bitfinex, Bittrex, …

12 h
World Economic Forum wants to bring ‘robust’ governance framework for digital currencies

The World Economic Forum (WEF), an international organization committed to improving the state of the world, has set up a consortium to design a “robust” governance framework for digital currencies, including stablecoins. The consortium aims to bring together private and public sector organizations to help achieve financial inclusion goals through digital currencies. “Digital currency […] …

12 h
PoolTogether: No-loss Lottery

Officially launched in September 2019, PoolTogether is an Ethereum-based no-loss lottery system. Initially designed by governments to combat inflation and encourage saving, no-loss lotteries have since been adopted by corporate enterprises.   The basic structure of no-loss lotteries is as follows: users purchase tickets, with payments subsequently directed into a savings instrument. After some period, the …

13 h
Ripple investor SBI, Visa join $80M round for remittance startup Currencycloud

Currencycloud, a London-based startup that builds tools and APIs (application programming interfaces) for payment companies to enable money transfers, has raised $80 million in Series E round. The round was backed by notable investors, including Japanese financial services giant SBI Group, Visa, the World Bank Group’s International Finance Corporation, BNP Paribas and Thailand’s oldest bank …

15 h
Over 1,000 crypto miners given licenses in Iran

Iran is said to have given more than 1,000 licenses to cryptocurrency miners in the country. The licenses have been issued by Iran’s Ministry of Industry, Mine and Trade, local news outlet Financial Tribune reported Friday, citing an official from ICT Guild Organization – an Iranian NGO representing information and communications technology (ICT) sector. The …

1 d
U.S. regulatory uncertainty is the biggest issue for crypto firms, research interviews show

Interviews of crypto firms conducted by The Block shows – perhaps unsurprisingly – that regulatory uncertainty in the U.S. remains the top barrier for companies working in the crypto and digital asset space. Ninety-one percent of companies interviewed as part of The Block Genesis’s Digital Asset Human Capital Trends Report, commissioned by the Blockchain Association, …

2 d
As Nasdaq explores a bitcoin futures product, it is considering two things

Nasdaq is still kicking the tires on a possible bitcoin futures product, according to chief executive officer Adena Friedman.  In an interview with Bloomberg News, Friedman said the firm is currently exploring the launch of a bitcoin future with an unnamed partner. In November 2017, The Wall Street Journal reported Nasdaq was working on such …

2 d
Digital asset exchanges are the crypto industry’s biggest employers, research shows

More than 85% of employees in the crypto space work for companies focused on three major service areas: exchanges, development, and mining.

3 d
Battle of yields? Two crypto asset lenders take different steps on interest rates

Two major cryptocurrency lending platforms appear to be going in different directions when it comes to giving back interests to lenders.